- Copart’s first-quarter revenue reached $1.15 billion, marking a 12% year-over-year increase, surpassing the estimated $1.1 billion.
- Service revenue grew 15% year-over-year to $986.3 million, beating the estimate of $935.4 million.
- Vehicle sales slightly decreased by 0.2% year-over-year to $160.5 million, falling short of the estimate of $170.5 million.
- Operating income increased by 2.8% year-over-year to $406.4 million, but came in below the expected $412.5 million.
- The stock received 6 buy ratings, 4 hold ratings, and 1 sell rating from analysts.
Copart Inc on Smartkarma
Analyst coverage of Copart Inc on Smartkarma reveals insightful perspectives from Baptista Research. In their report titled “Copart Inc.: A Tale Of Global Expansion & Enhanced Buyer Engagement! – Major Drivers,” the analysis dives into the financial performance of Copart, Inc for the fourth quarter and fiscal year 2024. Highlighting robust growth and strategic expansion, the report also acknowledges industry-wide challenges and specific business costs impacting financial outcomes.
Another report by Baptista Research, “Copart Inc.: Is The Growth In Non-insurance Business A Key Growth Catalyst? – Major Drivers,” focuses on Q3 fiscal 2024 results of Copart, Inc. The analysis points to a promising trend in the total loss frequency rate, driven by market dynamics such as decreased used vehicle prices and increased repair costs. Despite challenges like labor shortages and repair complexities, Copart’s Insurance business has shown growth in volume, reflecting the company’s adaptability to evolving market conditions.
A look at Copart Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s analysis, Copart Inc‘s long-term outlook appears promising with strong scores in Growth, Resilience, and Momentum. With a score of 4 in Growth, Copart Inc is positioned well for future expansion and development. The company also scored a 4 in Resilience, indicating its ability to withstand market fluctuations and challenges. Additionally, a Momentum score of 4 suggests that Copart Inc has been exhibiting positive performance trends.
Copart Inc‘s lower scores in Value and Dividend, with scores of 2 and 1 respectively, may indicate areas where investors should exercise caution. Despite this, the company’s core business of providing services for salvaged vehicles to various buyers remains steady. Overall, Copart Inc‘s focus on growth, resilience, and momentum bodes well for its long-term prospects in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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